Weekly Analysis: Bitcoin Price Recovers From Dip

The past week was a particularly tough one for bitcoin prices. BTC/USD rates went from $2500 down to $1800 levels but prices recovered through the end of the week. Selling pressure got a hold of markets and panic selling ensued to cause price drops below supposed support levels. Yet, in spite of the breach the effect of the price drop didn’t seem to hold the ability to prevent a recovery back above $2000 levels as bitcoin currently trades around $2200.
Major Signals
The bearish overturn ap